By CHARLIE LAGASCA
The Philippine Star
TUGUEGARAO CITY – The construction of another international airport is set to start this year as part of the national government’s continued efforts to transform this country’s northernmost part into a world-class tourism and business investment destination.
Jose Mari Ponce, administrator of the Cagayan Economic Zone Authority (CEZA), said that the construction of the airport, with an initial funding of P5-billion, would be a joint venture between CEZA and a multinational private firm with technical and supervisory assistance from the Department of Transportation and Communications.
The airport, which would be similar to that of the Diosdado Macapagal Airport in Clark Field, Pampanga, in terms of technology and capability, would be co-financed by a Spanish bank through an open credit scheme, Ponce said.
"It is a priority for CEZA to build the airport this year to complement the rapid development of the Cagayan Special Economic Zone and Freeport," said Ponce, also the CEZA’s chief executive officer.
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